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Revisions

Global Premium Hotels kept at ‘hold’ by OCBC with 31 cents fair value

Broker's Calls

Global Premium Hotels kept at ‘hold’ by OCBC with 31 cents fair value

PC Lee Published on Tue, May 10, 2016 / 3:07 PM GMT+8

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SINGAPORE (May 10): OCBC Research is maintaining its “hold” recommendation of Global Premium Hotels with 31 cents fair value.

At 12.09pm, shares of Global Premium Hotels are trading 3.45% higher at 30 cents.

“While we keep to our long term valuation of 31 cents, we advise investors to accumulate shares at 28 cents and lower given recent market weakness, “says lead analyst Deborah Ong in a Tuesday report.

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